Someone Speaks With Forked Tongue; Petro-Hunt Brings Monster Well Back On Line -- May 13, 2021

How to lose one's credibility. Link here. 

Harold Hamm: watching Scott Sheffield in his rear-view mirror. Or breathing his exhaust fumes?

Economy, essay: link here.  

Amazon: to add 75,000  new jobs at fulfillment centers; wages up; signing bonuses of $1,000; will set a record, adding one-half million jobs in one year -- has never been done before -- except perhaps factories building tanks during WWII -- but even that is doubtful;

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Back to the Reality

Active Rigs:

$64.58	5/13/2021	05/13/2020	05/13/2019	05/13/2018	05/13/2017
Active Rigs	18	16	64	60	51

Two wells coming off the confidential list -- Thursday, May 13, 2021: 25 for the month, 46 for the quarter, 127 for the year:

• 16059, 729, Petro-Hunt, USA 2D-3-1H, Charlson, t10/06, re-entered, lengthened, 2020, first production after coming back on line, 6K over 14 days, 11/20; cum 1.782585 million bbls 11/20; off line as of 1/21; remains off line 3/21;
  
• 36122, drl/NC, Slawson, Stallion 5-1-12TFH, Big Bend, no production data,
  

RBN Energy: ethanol cuts gasoline's carbon intensity some, but could it do more? Part 3.

Ethanol is a biofuel that is found in nearly 98% of the gasoline purchased at retail stations in the U.S., in most cases accounting for 10% of the gasoline/ethanol blend. This high-octane, biofuel has grown in popularity around the world, particularly over the last 20 years, due to regulations that require or incentivize its use. As governments continue to evaluate regulations to control greenhouse gas (GHG) emissions, ethanol has been overshadowed by some other biofuels lately but it is expected to continue to play an important role as a pathway for meeting low-carbon mandates. Today, we discuss the history, the production, and the still-evolving role of ethanol in the global push to decarbonize.